03 — Research
Long reads, written for an inbox.
Our research desk publishes short, structural pieces on the forces that actually move long-term portfolios — liquidity, rates, and the boring miracle of compounding. No hot takes. No screenshots of red candles.
DCA Strategy9 min read
Lump Sum vs DCA: What the Data Actually Shows (And When Each One Wins)
You just came into a chunk of money. A bonus, an inheritance, an RSU vest, the proceeds of a sale. Now you are stuck on a question that feels like it should have a clean answer: do you invest it all at once, or spread it out over months? Search it and you will get […]
dollar cost averaging · drawdown · dynamic DCA
July 2026→
Market Crashes14 min read
DCA Into the S&P 500 Through the COVID Crash: What Actually Happened
The COVID crash of February and March 2020 was unusual in two ways: it was the fastest bear market in U.S. equity history, and the fastest recovery from a drawdown that deep. Peak to -34% in 33 calendar days. Prior peak reclaimed 148 days after the bottom. This article runs a real dollar-cost average through […]
bear market · covid crash · dollar cost averaging
July 2026→
Crypto Investing11 min read
DCA Bitcoin From 2021 Through the 2022 Crash — What Actually Happened
Most “DCA works” content online uses cherry-picked windows. This article does the opposite. It takes the single most punishing 24-month stretch in recent crypto history — January 2021 through December 2022 — and shows exactly what a DCA Bitcoin plan would have returned. Real daily-close prices. No smoothing. No hindsight. If you’ve been told DCA […]
2022 bitcoin crash · bear market · bitcoin
July 2026→